Investors hope thrashed,PPF and other small saving schemes rates remain unchanged

The government has kept the interest rates for small savings schemes which include PPF, POMIS, NSC etc. unchanged for the second quarter(July-September) of the current financial year.

Due to the increase in interest rates in the economy, it was expected that the government would increase interest rates on small savings schemes as well. Several of these schemes such as PPF, NSC, post office monthly income scheme, and Senior Citizens Savings Schemes are popular with fixed income earners.